Weak property market drives HDB rental prices to slip 0.7%
Executive flats remain the lone bright spots.
HDB saw rental prices of its 3, 4 and 5 room units decline 0.4%, 0.1%, and 0.2% respectively. Breaking the trend are executive flats as the rents grew by 0.5%.
Meanwhile, a report from SRX Property said rents in July are down 6.1% down from its August 2013 peak.
"Year-on-year, rental volume in July 2015 is almost flat compared to 1,698 units rented in July 2014," the report said.